Bayer Case Study
Our Hyperion Implementation at Bayer Healthcare
Bayer Healthcare implemented Hyperion Planning and Workforce Planning in 10 weeks to dramatically streamline their Income Statement budget and Workforce Planning process.
Client Overview:
Bayer HealthCare Consumer Care Division manufactures over-the-counter drugs and nutritional supplements. Its Brands include Bayer Aspirin, Aleve, Alka-Seltzer, Midol, Talcid, Bepanthen, and One-a-Day. One of the largest manufacturers of OTC drugs in the world, the division has production facilities in Europe, North America, Latin America, and Asia and sells 170 products in over 100 countries at pharmacies and other retail outlets.
Check out Oracle's Interview with Karl Appleby, Sr. Financial Specialist of Bayer.
Bayer engaged MindStream resources to design and build this project. The budget process begins by collecting Cost Center budget inputs in SAP and moving that information into Hyperion Planning. Volume information is received from Product Supply via web forms. These volumes will serve as the base of the budget. Excel Templates were created by the FP&A group and distributed to the Plants to collect the proposed standards for the coming year. Once the standards are collected and input into Hyperion Planning the Revenue projections are entered and the system calculates much of the income statement. The rest of the costs are input by Brand or input as a whole and allocated to the Brands.
Solution Benefits:
- Streamlined the Income Statement budget process
- Increased the efficiency of Workforce Planning and Budgeting
- Decreased time to Forecast and Yearly Calendarizations
- Increased the analytic capabilities of the FP&A team PeopleSoft
Find out how your company can achieve the benefits Bayer Healthcare did by contacting MindStream Analytics today.
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